Question 5 of 7beginner💡 UnderstandVery Short2 marks

How will you choose the wants to be satisfied?

Correct Answer

Since we have unlimited wants but limited resources, we cannot satisfy all of them at once. Therefore, we have to choose only those things that we want the most. For example, with limited pocket money, one must prioritize buying essential items over less important ones.

This choice involves prioritizing wants based on their intensity and urgency. We satisfy the most pressing needs first because resources are scarce and have alternative uses. By ranking our wants, we allocate our limited resources to satisfy the most important desires, leaving the less urgent ones unfulfilled.

Exercise: EXERCISES | Q: 5
For More Understanding

Explanation

The provided context explains that while human wants are unlimited, resources (like pocket money) are limited. Consequently, an individual must prioritize. The text explicitly states, 'you have to choose only those things that you want the most.' The answer reflects this mechanism of choice, where the most intense wants are satisfied first due to the scarcity of resources.